By Paul Homewood
Residents in New England cities are facing rolling blackouts this winter if temperatures drop for a prolonged cold snap because of lower fuel supplies.
The region relies on natural-gas imports to bridge the gaps during the winter but is now having to compete with European countries for shipments of liquefied gas.
Russia’s halt of most pipeline gas to the continent has ramped up the price and demand for natural gas across the globe.
Both Europe and the US are now scrambling to import more LNG, which could send gas prices skyrocketing next winter – despite America being one of the top importers in the world.
New England does not import American LNG because the Jones Act, which limits how cargo is transported by sea, bans foreign flagged ships transporting goods between US ports.
A shortage of American owned vessels means the region is forced to buy LNG…
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